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Path: utzoo!watmath!clyde!burl!ulysses!bellcore!decvax!linus!philabs!pwa-b!mmintl!franka
From: franka@mmintl.UUCP (Frank Adams)
Newsgroups: net.invest
Subject: Re: Tax consequences of common stock gains/losses query
Message-ID: <1168@mmintl.UUCP>
Date: Tue, 4-Mar-86 19:46:53 EST
Article-I.D.: mmintl.1168
Posted: Tue Mar  4 19:46:53 1986
Date-Received: Sat, 8-Mar-86 21:03:20 EST
References: <825@hou2e.UUCP>
Reply-To: franka@mmintl.UUCP (Frank Adams)
Organization: Multimate International, E. Hartford, CT
Lines: 16

In article <825@hou2e.UUCP> geopi@hou2e.UUCP (G.COTSONAS) writes:
>How are the holding periods required to be reported, insofar as the
>entire portfolio is held and commingled in a broker's account?
>
>Must the earliest sales be matched with the earliest purchases,
>et cetera, for tax purposes?

I am not entirely certain, but I think you are permitted to either match
earliest with earliest, or earliest with latest.  I'm not sure if you are
supposed to be consistent about this, or can mix and match any way you like.

If it makes much difference to you, I would recommend talking to an
accountant.

Frank Adams                           ihnp4!philabs!pwa-b!mmintl!franka
Multimate International    52 Oakland Ave North    E. Hartford, CT 06108